US stocks closed sharply lower on selling in tech companies

US stocks closed sharply lower on selling in tech companies


US stocks fell sharply today, Thursday, as investors flee the shares of leading technology companies due to mixed business results and increasing signs of exacerbating the Corona virus pandemic, which could lead to a deeper economic recession.
The sale accelerated after a technology sector monitoring and monitoring group said that Apple is facing investigations in a number of states, citing the potential misinformation of consumers.
The benchmark Standard & Poor's 500 Index fell more than one percent, ending a four-session rally with its biggest daily drop in a percentage in nearly four weeks.
The losses included all three major stock indices, and the decline in Apple, Microsoft and Amazon.com shares had the greatest impact.
"There was a real disparity between growth and value and the difference started to shrink ... There was also a big gap between small and large stocks and we see them shrinking too," said Stephen Masuka, senior vice president of Wedbush Securities in San Francisco.
Corona's total infection cases in the United States exceeded 4 million today, with an average of new infections close to 2,600 cases per hour, according to data compiled by Reuters.
According to unofficial data, the Dow Jones industrial average fell 353.64 points, or 1.31 percent to 26652.2 points, the S&P lost 40.37 points, or 1.23 percent, to record 3235.65 points, and the Nasdaq Composite Index fell 244.71 points, or 2.29 percent to 10461.42 points.
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